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08.16.16 EDA Packet
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08.16.16 EDA Packet
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Meeting Date
8/16/2016
Document Type
Agenda/Packets
Commission Name
EDA
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Open to Business Advising <br />Promoting Entrepreneurism <br />Growing or starting a small business is not easy. MCCD's Open to Business program offers free, one-on- <br />one, confidential business consulting to help entrepreneurs in Open to Business cities through the <br />process of growing or starting their businesses. <br />"The Open To Business program made my dream come true, helping me apply for financing and <br />publicized my store once we opened. I am excited to see this program help other entrepreneurs with big <br />dreams like mine. Thanks again for changing my life." <br />Lara Babalola, Diva's Ave Boutique — Brooklyn Park <br />More than Just a sounding Board <br />With a combination of academic and personal experiences growing and starting small businesses, Open <br />to Business advisors are available to provide assistance in participating. cities to help you plan and work <br />through your small business issues. Equipped with some of the most sophisticated business resources <br />available, the advisors become the entrepreneur's trusted advisor to help them make strategic business <br />decisions based on their business and personal situations. <br />Areas of Technical Assistance <br />We assist entrepreneurs in the following areas, including but not limited to, accounting and record <br />keeping, business acquisition, business start-up, all aspects of business plan development, cash flow <br />financial, and business analysis, loan packaging, networking, operations, strategic planning, and <br />commercial real estate analysis. Ultimately we want to become your trusted business advisor. <br />Access to Capital <br />Open to Business advisors can also assist entrepreneurs to identify borrowing needs and accessing <br />financing options. We work with our clients to help them find the financing that best meets their own <br />unique needs. MCCD also provides direct financing and loans in partnership with banks and nonprofit <br />lenders. Funds can be used for inventory, working capital, asset and equipment purchases, real estate <br />acquisition, and start-up costs. <br />
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